Sec 1231 Property Will Generally Have All the Following Characteristics

question 1717

Multiple Choice

Sec. 1231 property will generally have all the following characteristics except

• A) used in trade or business.
• B) held for sale to customers.
• C) held for more than one year.
• D) real or depreciable property.

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Definitions:

Diploid

Normal number of chromosomes (in humans, 46 chromosomes) in somatic cells.

Chromosomes

Long strands of DNA wrapped around proteins, located in the cell nucleus, which carry genetic information.

Pluripotent

The ability of a stem cell to differentiate into any type of cell in the body but not capable of forming an entire organism.

Totipotent

Cells that have the potential to differentiate into any type of cell in an organism, including the placental cells.